What is it about?
This paper examines the extent of volatility in Indian rupee after floating exchange rate was introduced in 1993. The paper has used GARCH models to identify the pattern in volatility with respect to cross-currency movements.
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Why is it important?
It is of great interest to the policymakers to know the evolution of exchange rate in an era of growing foreign exchange market integration worldwide. In that spirit, this paper provides an empirical validation to certain observed trends in exchange market volatility.
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This page is a summary of: Exchange Rate Volatility in Post-floating Regime in India, Advances in Economics and Business, September 2015, Horizon Research Publishing Co., Ltd.,
DOI: 10.13189/aeb.2015.030902.
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